Nexoptic Technology Corp Stock Market Value
| NXO Stock | CAD 0.04 0.01 14.29% |
| Symbol | Nexoptic |
Nexoptic Technology Corp Price To Book Ratio
Nexoptic Technology 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nexoptic Technology's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nexoptic Technology.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Nexoptic Technology on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Nexoptic Technology Corp or generate 0.0% return on investment in Nexoptic Technology over 390 days. Nexoptic Technology is related to or competes with JPMorgan Chase, Bank of America, Royal Bank, Royal Bank, Royal Bank, Royal Bank, and Royal Bank. NexOptic Technology Corp., together with its subsidiaries, a technology company, develops and invests in optical and len... More
Nexoptic Technology Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nexoptic Technology's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nexoptic Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.52 | |||
| Information Ratio | 0.1211 | |||
| Maximum Drawdown | 89.29 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Nexoptic Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexoptic Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexoptic Technology's standard deviation. In reality, there are many statistical measures that can use Nexoptic Technology historical prices to predict the future Nexoptic Technology's volatility.| Risk Adjusted Performance | 0.1103 | |||
| Jensen Alpha | 1.69 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | 0.1137 | |||
| Treynor Ratio | (7.03) |
Nexoptic Technology Corp Backtested Returns
Nexoptic Technology is out of control given 3 months investment horizon. Nexoptic Technology Corp has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.75% are justified by taking the suggested risk. Use Nexoptic Technology Corp Downside Deviation of 13.52, mean deviation of 6.0, and Risk Adjusted Performance of 0.1103 to evaluate company specific risk that cannot be diversified away. Nexoptic Technology holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nexoptic Technology are expected to decrease at a much lower rate. During the bear market, Nexoptic Technology is likely to outperform the market. Use Nexoptic Technology Corp downside variance, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Nexoptic Technology Corp.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Nexoptic Technology Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nexoptic Technology time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nexoptic Technology Corp price movement. The serial correlation of -0.74 indicates that around 74.0% of current Nexoptic Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nexoptic Technology Corp lagged returns against current returns
Autocorrelation, which is Nexoptic Technology stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nexoptic Technology's stock expected returns. We can calculate the autocorrelation of Nexoptic Technology returns to help us make a trade decision. For example, suppose you find that Nexoptic Technology has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nexoptic Technology regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nexoptic Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexoptic Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexoptic Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Nexoptic Technology Lagged Returns
When evaluating Nexoptic Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexoptic Technology stock have on its future price. Nexoptic Technology autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nexoptic Technology autocorrelation shows the relationship between Nexoptic Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Nexoptic Technology Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nexoptic Stock Analysis
When running Nexoptic Technology's price analysis, check to measure Nexoptic Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nexoptic Technology is operating at the current time. Most of Nexoptic Technology's value examination focuses on studying past and present price action to predict the probability of Nexoptic Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexoptic Technology's price. Additionally, you may evaluate how the addition of Nexoptic Technology to your portfolios can decrease your overall portfolio volatility.